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Jun 29, 2022
by Usha Yadav
Compass Mining CEO and CFO Resign Effective Immediately
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Compass Mining (CMP), a provider of bitcoin mining hosting and brokerage services, announced in an email that CEO Whit Gibbs and Chief Financial Officer Jodie Fisher had immediately left their positions.
The board appointed Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as temporary co-presidents and CEOs; a search for a permanent replacement is going on.
Resign After Compass Mining Neglected
According to the statement, "Compass Mining was established to make mining simple and available."
"The corporation is aware that numerous obstacles and disappointments have hindered achieving that goal. The company entirely focused on restoring the trust of its stakeholders and the community through this restructure and fulfilling its purpose to offer best-in-class service to miners of all sizes."
The resignations occurred soon after claims that CMP neglected to make utility payments at a Dynamics Mining-owned operation in Maine surfaced.
Compass now claims that it is concentrating on restructuring to win back the trust of its community and stakeholders. In addition, the Compass Mining Board of Directors announced that interim Co-Presidents and CEOs, effective right away, would be Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.